Fellow Finance offers the Nordic countries’ largest crowdfunding and peer-to-peer lending platforms that private individuals and companies can use to borrow or lend money. Fellow Finance’s goal is to become the leading crowdfunding marketplace for individuals and businesses in Europe in the near future.
Fellow Finance purchases its legal services from Lexia as a continuous service. This allows us to engage in deeper collaboration compared working on a one-time assignment, and Fellow Finance receives business-oriented and proactive legal service for a fixed monthly fee.
Lexia supports Fellow Finance particularly in the culture of doing things right and in tackling regulations. We know the impacts that legal issues have on business, we eliminate business obstacles, and we search for opportunities in the regulations.
“Fellow Finance has a flexible operating culture and is a reliable player, so we too must be innovative. Their needs challenge also us to think of new angles and out-of-the-box solutions,” says Partner and Fellow Finance’s Client Manager Olli Kiuru.
Global trends have supported growth of the crowdfunding market and the growth is expected to continue also in the future. Fellow Finance was listed in October 2018 on Nasdaq First North Finland and has strong confidence in the future.
“Our convenient and mostly free service is a challenge to traditional forms of investment and financing. We see several growth drivers on the market, like the opportunities brought by technology advancements, the low profit expectations of the traditional financing instruments, and the consumer trends favoring easy-to-use and readily available services,” says Fellow Finance CEO Jouni Hintikka.
Through its close collaboration, Lexia has helped Fellow Finance to ensure that it is operating in a responsible manner towards its clients. Fellow Finance Plc is an Authorized Payment Institution supervised by the Finnish Financial Supervisory Authority. The company also has big plans: proceeds from the share issue will be used to finance the expansion of international growth and operations. Lexia will be along also in this growth.